Question

The stock price for TPJ was $74.29 in September. In October the stock had increased by 8% but in November the price fell by 8% what was the price of TPJ stock in November? Round your answer to the nearest cent, if necessary.

Answer 1

From september to october the stock increased 8%, then, we can calculate the 8% of 74.29, and then add the result to the total:

`\begin{gathered} 74.29(8\%)=74.29(0.08)=5.94 \\ \Rightarrow74.29+5.94=80.23 \end{gathered}`

the total for october is $80.23. Finally, since the price fell by 8% in november, we can find the new total by calculating the 92% of $80.23 (since 100% - 8% = 92%):

`\begin{gathered} 80.23(92\%)=80.23(0.92)=73.81 \\ \end{gathered}`

therefore, the price in november was $73.81